Identify the Incorrect Statement About Market-Directed Economies

question 320

Multiple Choice

Identify the incorrect statement about market-directed economies.

• A) A market-directed economy adjusts itself.
• B) The American economy is completely market-directed.
• C) Consumers in a market-directed economy decide what is to be produced and by whom-through their dollar "votes."
• D) Consumers in a market-directed economy enjoy great freedom of choice.

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Definitions:

Systems Software

The collection of software that manages computer hardware resources and provides common services for computer programs.

Personal Finance

The management of financial activities such as savings, investment, and budgeting by an individual or a household.

Checkbooks

Books containing blank checks connected to a checking account, allowing the account holder to write checks for financial transactions.

Investments

The act of allocating resources, usually money, with the expectation of generating an income or profit.